- Saxco International, LLC, A Portfolio Company of The Sterling Group, Acquires Synergy Glass & Packaging
- The Sterling Group Completes the Sale of Stackpole International to Crestview Partners
- The Sterling Group Completes the Acquisitions of ROM Corporation and Specialty Manufacturing, Inc.
- The Sterling Group Completes the Sale of Velcon Filters, LLC to Parker Hannifin Corporation
HOUSTON (October 17, 2005) – Private equity firm The Sterling Group, L.P. today announced that they have finalized the sale of Exopack Holding Corp. to Sun Capital Partners, Inc. Exopack offers one of the broadest product offerings in the flexible packaging industry, supplying both industrial and consumer markets with a variety of paper and plastic packaging options. 2004 revenues were approximately $510 million. Exopack was purchased in 2001 from International Paper and held in The Sterling Group’s Fund I. The operating subsidiary, Exopack LLC, will continue under the leadership of President and CEO Stan Bikulege. “Exopack exemplifies our investment philosophy – to partner with the management and employees, focus on strategic initiatives to grow the business and create value for …